Writing down your retirement and income plan in an investment policy statement can help you resist letting a bear market ...

UPI transactions are also monitored by the Income Tax Department just like other forms of income. Follow Us Trending Photos New Delhi: India’s digital journey has seen a major boost with the rise of ...

Receiving a notice from the Income Tax Department can be unsettling, even if you have filed your return on time. But why does this happen and how can you minimise the chances of getting a notice even ...

Depending primarily on rental income isn't wise, especially for senior citizens. Here's what you can do to minimise the risk of a tenant taking over your property. Many people who have retired or ...

While this income doesn’t affect your taxable income, it may factor into other financial calculations, such as eligibility for certain credits or the taxation of Social Security benefits. 5 Examples ...

On a company’s income statement, also called its profit and ... Expenses are treated the same way. For example, the COGS associated with an item is only recorded when that item is sold ...

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You don't usually have to pay income tax on all your taxable income, because most people qualify for one or more allowances. The main one is the tax-free personal ... For example, if you earn ...

The Income Tax Department has issued a new brochure detailing Section 194-IB, which outlines a tenant's responsibility to cut Tax Deducted at Source (TDS) from house rent payments. This deduction must ...

Name withheld on request Prior to amendments made by the Finance (No. 2) Act, 2024, a domestic company was liable to pay an additional income tax at 20% (plus applicable surcharge and cess ...